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  "documentTitle": "Trian Partners | Activist Presentation Deck | 16 slides",
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  "authorName": "Trian Partners",
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  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2012-11-01 00:00:00",
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      "text": "Source: Company filings, Trian estimates. Note: See Disclosure Statement and Disclaimers...",
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      "text": "Major Assumptions: Top-line consistent with consensus; 2015E EBIT margin in-line; Assumes discretionary FCF used to repurchase stock; Assumes 17x forward P/E.",
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      "text": "Current Share Price: €48; Implied Target Value: €78; % Potential Upside: +62%",
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